Industrial Economics with Insurance
Industrial economics examines how firms and markets work in the real world, going beyond the standard competitive model to ask how industries are structured, how firms exercise market power, how regulation shapes competitive behaviour, and how economic analysis can inform policy on mergers, monopolies, and market design. Combined with insurance, a field that applies probability theory, risk management, and financial principles to the pooling and pricing of risk, this degree develops a sophisticated and practically grounded understanding of two analytically rich areas of applied economics.
The University of Nottingham's three-year full-time Industrial Economics with Insurance degree carries a typical entry tariff of 152 points and includes a sandwich year option, a year abroad option, and work placement opportunities. This means you can gain professional experience within the insurance or financial services sectors before graduation, and potentially study or work in a different country as part of your degree. You will develop strong analytical and quantitative skills, studying microeconomic theory, econometrics, industrial organisation, and the economics of risk, uncertainty, and insurance markets.
The programme combines the rigour of an economics degree with the specialised knowledge of one of the most significant sectors of the UK and global economy, where the ability to model risk and understand market behaviour is directly applicable.
Graduates are well placed for careers in the insurance sector, including roles in underwriting, actuarial practice, risk management, claims analysis, and insurance consultancy. The analytical skills the degree develops also support careers in economic consultancy, financial services, the civil service, regulatory bodies, and banking. Many graduates pursue further professional qualifications, including those offered by the Chartered Insurance Institute or the Institute and Faculty of Actuaries, and postgraduate study in economics, finance, or actuarial science is a natural further step for those wishing to specialise.